Issue of Equity

New World Oil and Gas Plc / Index: AIM / Epic: NEW / Sector: Oil & Gas

11 December 2012

New World Oil and Gas Plc ('New World' or the 'Company')

Issue of Equity

New World Oil and Gas Plc, the oil and gas exploration and development company focussed on Belize and Denmark, today announces the issue of 250,000 new ordinary shares in the Company pursuant to the exercise of 250,000 Warrants at 5p per share.

Application has been made for the new ordinary shares, which will rank pari passu with all existing ordinary shares in the Company, to be admitted to trading on AIM. Admission is expected to take place on or around 17 December 2012 ("Admission").

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For further information please visit www.nwoilgas.com or contact:

Notes

New World Oil and Gas Plc is an oil and gas operating company with three highly prospective projects in Belize and Denmark. New World is operator of all three projects where a systematic programme of seismic acquisition has resulted in multiple prospects being identified and derisked, a number of which have been classified by the Competent Person as being drill ready. Blue Creek in Belize is the Company's most advanced project where drilling operations are currently underway at the B Crest prospect. New World also operates two projects in onshore Denmark located in producing basins covering a combined area of over 2.6 million acres, making it the largest holder of acreage in Denmark.

Management is constantly evaluating additional projects that would complement the Company's growing portfolio, particularly late stage exploration or early production projects located in basins with large proven reserves that, in the opinion of the Directors, are undervalued, underdeveloped or under-performing. As a result, the Board is actively identifying exploitation opportunities in areas including Africa, South America and South East Asia as it looks to build a leading, diversified oil and gas company.